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Russell Investment Group Implements Charles River IMS

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BURLINGTON, MA, LONDON and MELBOURNE, August 29, 2005 — Russell Investment Group has implemented the Charles River Investment Management System (Charles River IMS) in its Tacoma, WA headquarters and London office, according to Charles River Development, a leading provider of financial software and consulting services to the global investment management community. Charles River IMS is a comprehensive front-to-middle office software suite for portfolio management and modeling (Charles River Manager), order management and electronic trading (Charles River Trader), real-time compliance monitoring (Charles River Compliance), and centralized post-trade communications (Charles River Settlements) that streamlined the firm’s multi-asset class fund management operations.

"Charles River provides us with a highly qualified and proven global solution," said Steve Dowling, director of portfolio trading with Russell. "In particular, Charles River IMS provides us the scalability required for our unique and growing multi-manager fund business."

Dowling added: "The complexities of managing multiple security types across multiple investment styles require a reliable, robust and real-time compliance system. Charles River IMS allows us to easily conduct compliance checks at multiple levels within our trade and investment workflow."

About Russell Investment Group

Russell Investment Group, a global leader in multi-manager investment services, provides investment products and services in 39 countries. Russell manages more than $136 billion in assets and advises clients worldwide representing more than $2.3 trillion. Founded in 1936, Russell is a subsidiary of Northwestern Mutual and is headquartered in Tacoma, Washington, with additional offices in New York, Toronto, London, Paris, Singapore, Sydney, Auckland and Tokyo.

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